Commerce

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Browsing Commerce by Subject "Commerce"

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    An empirical evaluation of trade potential in the economic community of West African States
    (The African Economic Research Consortium, 1988-11) Ogunkola, Olawale E.
    Intra-ECOWAS trade has remained very low despite the integration efforts in the subregion in the past two decades. While noting that these efforts have not progressed as scheduled, this study investigates what the West African countries stand to gain by way of increases in intra-regional trade flows if all trade barriers are removed. The study uses a gravity model whose results suggest that there is trade potential in the subregion.
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    Intra-Industry Trade between Members of the PTA/COMESA Regional Trading Arrangement
    (AERC, 1997-03) MUSONDA, FLORA M.
    Using available bilateral trade data between members of the Common Market for Eastern and Southern Africa (COMESA) formerly PTA, this study estimated the extent of Intra-industry trade and the factors that determine this trade in the region. The hypothesis was that intra-industry trade exists in this region. The results of the study show that indeed this trade does exist and it is determined by the same factors as found in other regions. The principal determinant is distance, which has a negative significant relationship with intra-industry trade. Other factors include per capita income and language. The trade is more significant in bordering countries that are relatively more developed in terms of their manufacturing sectors. Special ties also seem to play a role, although the variable was not significant in the regression analysis. Improved communication networks will enhance this trade within the region.